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Search Results 0 to 34 of about 35 (some duplicates have been removed)
're perfectly willing to go off the fiscal cliff. that means a tax hike on middle class americans and maybe some of them are thinking this morning i'm not really so happy geithner said that. >> it might have been inartful for him to say it the way he said it. i think he is making a very important point, which is that the american people did vote. they voted for the one thing the president said very clearly, which is that tax rates would go up on the wealthiest. it's an incredibly popular position. it's important for republicans to know that the white house is not going to accept any kind of a deal. that's the point he was trying to make. i think all the leverage now is with the democrats, with the president. the american public is on his side. i think it's important for the republicans not to think that they can just get any kind of deal out of him because if they do go over the cliff, there is a solution. the very next day, the house can simply pass a bill, giving tax relief to 98% of americans and we go on. >> but the house is controlled by republicans. >> and it would be the republicans fault
've been talking a lot this morning about the fiscal cliff the impact on middle american families particularly. but there are a lot of people who are saying today well, let's teach the republicans a lesson. let's let them go over the cliff. why not. and then see what happens. does it make any sense to you? >> look. you know, i'm into actually solving things. not retribution. i'm a teacher. and what you do is you try to -- you try to educate people. you know. if you have to protest. if you have to activate. you do those things. but at the end of the day the american people actually said really clearly in the election by the polling data about congress and you see what they said -- what was litigated during the election. and what they said during the election. every single day. barack obama, joe biden the people running for senate said we have to have a balanced approach which means more revenues. they said that. it was pretty clear. and the american people voted for the president and the biggest popular vot
administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not
it this saturday night, 8:00 p.m. eastern. >>> we're less than a month away from our trip over the fiscal cliff. the average american family could get hit hard. so what's the fairest plan of all? customer erin swenson bought from us online today. so, i'm happy. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can get a text alert, reroute... even reschedule her package. it's ups my choice. are you happy? i'm happy. i'm happy. i'm happy. i'm happy. i'm happy. happy. happy. happy. happy. (together) happy. i love logistics. to investing with knowledge. the potential of td ameritrade unlocked. nyse euronext. unlocking the world's potential. to a world of super-connected intelligence. the potential of freescale unlocked. nyse euronext. unlocking the world's potential. >>> it is 16 minutes past the hour. time to check our top stories. nine bodies have been removed from vehicles inside a collapsed tunnel near tokyo, japan. huge chunks of concrete fell sunday, smashing the vehicles below. investigators say some anchor bolts on
here are worried about the fiscal cliff and the potential impact that it could have on american consumers as well as the factories here. eunice yun, cnbc, beijing. >> are those fears right, is the the expansion just investment-led and therefore not worth as much and that seems to be the insinuation? >> also i think china and china manufacturing has always historically been investment led anyway. much less consumer dependent than what we see maybe in europe and the u.s. but, yes, that meeting is just back into expansion territory. that's good in itself. global growth will be looking for china to be going ahead. so good but modest. so any demand elsewhere could have an impact on china. >> have we had the china slowdown? >> we've had mosts of it i think. but again, china is very much in recent line with the cycle of the global economy and we'll be looking for some of the big growth engines to help them, as well. >> what's the chinese swing factor for investors? >> sitting in europe clearly it's something we focus upon. is it a driving force, absolutely not. the tail risk i think is
thank you my friend, as always. catch one of the key voices behind the fiscal cliff negotiations here on "now" tomorrow when americans for tax reform president grover norquist joins us tomorrow at noon eastern. and after the break, entitlement reform hot potato. that's next on "now." music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. >>> the vast majority of democrats on capitol hill would prefer not to have to do anything on entitlements, would prefer frankly not to have to do anything on some of these debt and deficit problems. if you look at the numbers, then medicare in particular, will run out of money and we will not be able to sustain that program, no matter how much taxes go up. i mean it'
this fiscal cliff, people are not going to care whose fall it is, they are just going to know we're in a deeper abyss. lou: we have our eyes to follow, we see speaker boehner and mitch mcconnell in washington. the president is not there. that has to be a tough sell? isn't it? >> there is a long way to tiperary . when it comes to these negotiation, predent was willing last year to haveore cuts than tax increases, he is still there. this is going to be a long process, we will get there. if we don't, it is not the end of the world. world. lou: you are going down in history as fellow who called a multitrillion dollar reversal a bunny hill. >> it won't be. lou: i admire your certainty. >> there are two key points we've not discussed. i think that the president wants to go over the fiscal cliff, he wants all of the tax rates to go up, he needs that revenue,nd more important we know he is not going to get blamed. the madial protect him -- media will protect h. the other thing, this president, for a long time has tald about a balanced approach to deficit reduction, we assumed revenue on
. >> how are the wealthiest americans preparing for a possible fall off that fiscal cliff? we'll look at that next. >>> also, chevron ceo is warning a fall off that cliff would have major ramifications for his business. we'll hear from him exclusive later on "the closing bell." stay tuned. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-cost printing. >>> well, there
of a deal, headed up. and the fallout from the fiscal cliff could put even more pressure on unemployed americans, or those just trying to keep up with house payments. except more ups and downs for your investments ahead, but not so much because of big numbers out this week, among them, an important reading on manufacturing tomorrow, and then, what is often the biggest market mover of any month, the jobs report. november's release before the bell on friday. the cliff will likely overshadow even that. and with tax increases looming on capital gains and dividends, investors may start selling before the end of the year to get the better deal if there is no deal. that means, december may not live up to its history of heading higher and leave many questions about what the new year will mean for your bottom line. harris, back to you. >> brenda, thank you very much. >> and a fox news weather alert. people in parts of northern california and the pacific northwest dealing with dangerous amounts of rain. las of storms batthering the same region for days now, causing flooding. well, look at this
of agreement on the fiscal cliff. look at this abc news/washington post survey that says 60% of americans support raising taxes on the wealthy. 37% oppose it. what about reducing deductions? 44% support it. 49% oppose it. americans, much like lawmakers, want a solution to the problem but clearly divided on how to get there. >> the consensus is there to solve it. the question is how. president obama is meeting with mitt romney today. >> big news. >> do you have any idea what they plan to discuss? >> they are having lunch at the white house this afternoon. the president talked about this after his re-election. he said he wanted to sit down with mitt romney, talk about ways to move the country forward. but the president pointed out mitt romney did a good job turning the olympics around. he thought it could work in the government. streamline agencies to make it more user-friendly. the president will talk with him about that. the president pointed out that out there on the call pain trail mitt romney had good things to say about job creation, turning the economy around. they will discuss those
for the worst if negotiations fail to avoid the fiscal cliff. >> one possibility in all of this, simply no agreement. the impact on the government and every single american taxpayer. it's thursday, december 6th. >> announcer: from abc news, this is "world news now." >>> good thursday morning. >> morning. >> i'm paula faris. we did establish morning is spelled m-e-r-n-i-n-g. >> m-e-r-n-i-n-g. nicely done. >> "merning," everybody. >> i'm rob nelson. we'll get to the discouraging situation on the fiscal cliff in just a moment. and we do have even a visual this morning. >> not yet. >> going to wait for it? very high tech. >> so high tech. working on this prop all day. all morning. >> weeks of planning. >>> we also have a major development in the case of software mogul john mcafee he was actually arrested last night. and this morning, police are taking more action after he tried to seek asylum in guatemala. a strange story gets even stranger. again he is now under arrest. >> bizarre to the nth degree there. >> yeah. >>> also this morning -- weeding through all the details on washington state
for republicans going forward. our fiscal cliff-mas gift today alan smith gets down gangnam style. what the senator is saying about the video that's gone viral watching the daily rundown only on msnbc. u see this? oh, let me guess -- more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. this season, discover aleve. restore revive rejuvenate rebuild rebuild rebuild when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a res
, americans. welcome to "the ed show" from new york. the republican plan to solve the fiscal cliff is the same one america rejected on november 6th. this is "the ed show." let's get to work. >>> flabbergasted. i said he can't be serious. >> john boehner finally puts a plan on the table. >>> and breaking news the middle class gets the shaft. richard wolffe and molly ball on the republican political theater and the white house response. >>> bob costas issues a common sense plea for gun control in the wake of the kansas city chief murder suicide story. and the right wing just explodes. >> bob costas based on the standards of our society today deserves to be fired for these remarks. bill roden and dan gross respond. >>> corporate profits break records again in the third quarter. we'll tell you what it means for workers. >>> just when you thought it was too early for a horse race -- >> we haven't heard the last of hillary clinton. >> -- i'll ask michael if this was the first campaign video for decision 2016. >> good to have you with us, folks. thanks for watching. john boehner is hanging on to thei
talks to avoid the so-called fiscal cliff. utah congressman jason chafe fits joins me now. the president was campaigning today in campaign mode certainly and basically what the democrats and the white house are saying is this is what the american people voted for. all of the exit polls show that there is strong support, more than 60% of the voters, support tax increases for the wealthy. so how do you counter that? >> well, the president also said he was for a balanced approach and what we haven't seen is what is the other side of that balance? the president said he was going to help curb back the debt and tackle this deficit. instead, the president has the gull to actually go out and suggest that we should get rid of the debt ceiling votes and take away congress' ability to help put a lid on that. essentially wants a limitless credit card. that is a nonstarter for us in the house of representatives and the president should share with us what he thinks he should be cutting. not just 10, 20 years out in advance, what are we going to cut in year one naepts wh. that's what i want to hear fro
the fiscal cliff? >> oh, absolutely. again, there's no prospect in an agreement that doesn't involve the rates going up on the top 2% of the wealthiest. all those americans get a tax cut under the framework under the first $250,000 of their income. in some sense, it's a tax cut for all americans. it's just for people who make more than that, we're going to ask them to pay a modestly amount more. >> that's hard to understand given how much going over the fiscal cliff would hurt the economy. why is going over the fiscal cliff worth it for just this one component? if you can get the other components, why wouldn't you take that? >> good question. thanks for asking. what we're trying to do is put in place a comprehensive balance set of fiscal reforms that put us back on the path to living within our means and create room for investing to make the economy stronger, make sure we're protecting medicare for future generations, and forcing the government to use the taxpayers' resources more wisely. in that context, you have to have a significant amount of revenues. we don't see a way of doing
the fiscal cliff? >> oh, absolutely. again, we say there's no prospect for an agreement that doesn't involve those tax rates going up. remember, it's 2%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious talks could start soon, but now we learn that a lot of members of congress are heading out on a long weekend, not to return till tuesday. this as the impasse here on capitol hill continues and the nation waits. social security workers marched outside their office in baltimore wednesday. they're protesting the government spending cuts due to kick in at the end of the year as part of the fiscal cliff. >> we don't want to see our public hurt in any way. >> just down the road in washington, d.c., the standoff continues. house speaker john
without an increase in tax rates for the wealthiest americans and if that meant going over the fiscal cliff republicans would be to blame. so nancy pelosi, little scamp that she is, she is threatening -- [ ♪ "world news tonight" ♪ ] she threatens to force a vote if the republicans don't act on the middle class tax cuts. tee-hee. i'm guessing boehner is going to be -- >> flabbergasted. >> it has never been done before. >> ever. flabbergasting. >> it is flabbergasting. >> stephanie: flabbergastacious. >> i'm impressed by your flabbergastivity. >> stephanie: lindsey graham went on to say we'll lose everything we know as america if we don't fix entitlements. we're becoming the greece of out-of-control spending. [ ♪ dramatic ♪ ] >> it in no way does that. >> stephanie: shut down that argument. the spending graphs of who -- >> nonsense. >> also, greece is falling apart because of the austerity programs implemented by the inf and the world bank. >> stephanie: we have references on that. they're wrong wrong wro
're going over the cliff. >> america edges closer to the "fiscal cliff" with no compromise in sight. >> if they are going to force higher rates on virtually all americans because they're unwilling to let tax rates go up on 2% of americans, then that's the choice they are going to have to make. >> i would say we're nowhere, period. we're nowhere! >> from across the bay to around the world, the stories that matter on "eyewitness news this morning." >> your realtime captioner: linda marie macdonald captions by: caption colorado comments@captioncolorado.com >>> good morning. it's monday, december 3. i'm hockey. >> michelle griego. >> hi, everyone. i'm frank mallicoat. it's 5:30. the rain is past for now but some of the effects continue from all the days of downpours last week. one of the biggest is a large sinkhole on mountain view drive in lafayette, a road hazard as well as a health and safety issue. cbs 5 reporter elissa harrington is live at the scene right now. luckily, no one was hurt. >> reporter: luckily nobody was hurt, but the sinkhole got close to homes. i want to show you
lawmakers have less than a month to reach a deal to avert the fiscal cliff. both sides seem to be digging in for a fight. the white house saying it will not agree to a deal without raising taxes on the wealthiest americans. the gop says they want to see changes made to medicare, medicaid and social security. here is republican senator kelly ayotte of new hampshire. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. i mean the revenue proposals are $1.6 trillion in revenue and tax increases. it is a massive tax increase but also, also not significant and meaningsful entitlement reforms. jon: a piece today in the "wall street journal" says more is at stake than just the fiscal cliff. quote, democratic lawmakers and party strategists say the success of his second term could ride on how this early battle unfolds. if mr. obama can cement a bipartisan deal to his liking many believe his approach to the negotiations could serve as template for tackling major issues that could play out over the next four years. yet for many other democrats
off the fiscal cliff and the congress is blaming for inaction. >> it's unacceptable to hold the middle tax cuts hostage simply because they refuse to let the tax rates go up on the wealthiest americans. >> the republicans call this a bait and switch. >> alisyn: we'll debate. >> dave: one massachusetts town rolling out the welcome mat to long islanders for christmas tree lighting after the they refused to budge on the holiday event. the p.c. please. >> should you tip your garbage collector or how about your child's teacher? we have tips for tipping or the barista at starbucks. >> dave: no! sorry, ladies and gentlemen. >> "fox & friends" begins right now. ♪ >> are you supposed to tip the teacher. >> dave: some are, some are not. >> you want to err on the side of tipping and is it too much. do you tip the garbage man or the postal employee. you leave a bunt cake outside. >> alisyn: yes, money. they want money. >> dave: we'll get into it later, but it's tough because it used to be you tip someone for extraordinary service. >> alisyn: right. >> dave: now you just tip someone please. >> a
to the fiscal cliff. timothy geithner on the president's offer to to republicans followed by a response from grover norquist. >> we're trying to make it more likely we come together on a good agreement for the american people that extends tax cuts for the middle class. >> do you think we'll get a deal by the end of the year? >> i do. the only thing standing in the way of that would be a refusal by republicans to accept that rates are going to have to go up on the wealthiest americans and i don't see them doing that. >> if the president doesn't stamp his feet and get his way, he should get into a room and negotiate. instead of hearing rhetoric, that was show, no economics. let's have it in front of c-span cameras. . if the republicans are being reasonable, we'll see that, if they are not, we'll see that. >> joining us is reporter for politico. ladies first. did anything that you just heard suggest we're any closer to it an agreement? >> not really. the white house has put forth this plan, this proposal. congressional republicans, house speaker john boehner rejected it. he was flabbergasted by
prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest americans -- remember, it's only 2%. the size of the problem in some sense is so large, it can't be solved without rates going up as part of that. again, i think there's broad recognition of that reality now. >> one fallback option republicans are reportedly considering is to accept tax cuts for the middle class, allow rates to go up for the wealthiest, and then start the fight over again during debt limit talks early next year. yesterday at a business roundtable of ceos, president obama took a hard line, warning his opponents not to consider this strategy. >> if congress in any way suggests that they're going to tie negotiations to dell creting votes and take us to the brink of default once again as part of a budget negotiation, which, by the way, we have never done in our history until we did it last year, i will not play that game. >> well, i wonder, the president's saying, steve, that, you know what, we can
blamed no matter what they do. that's political environment. they might as well embrace the fiscal cliff. >> you heard peter difazio saying earlier in the program, democrat, go off the cliff, there is no cliff. no problem. >> folks on both sides. look, there's not a clip there and they're going to play chicken and go off. >> and then you're road kill at the bottom. >> that's exactly right. most folks are saying since the economy's improving, congress, don't screw it up and you get some folks on the far left and far right, there's no cliff, don't worry about this. we're after the election, this isn't an id lodgical debating society. this is about getting something done. let's work on a short-term deal. >> the deal that's there, we're in this situation because congress came up with what they're calling the fiscal cliff now and they're calling it the fiscal cliff because they don't want to e embrace either the tax increases or spending cuts and i think it's foolish to think this congress can come up with a better deal. >> you know what's interesting, to eric's point, there is a great irony
does this affect the average american? especially as we are having these fiscal cliff discussions in washington figuring out who is getting tax breaks cutting loopholes and so forth. >> the reality is we spend close to a trillion dollars on the year assistance to the poor, cash, food housing medical care that does not include social security and medicare. that's about $9,000 for each recipient. 100 million people receive this aid. it's a huge amount of spending. it's ridiculous to pretend that we can spend all that money and still have kids that don't have food to eat all over the country. this is really an advertising tool poverty measure and advertising tool for expanding the welfare state and spreading the wealth. by pretending that there is a massive amount of hardship that really doesn't occur anymore in our society. >> perhaps not getting the resources to those who truly need it the most. robert rector, senior fellow at the heritage foundation. thank you for being on this morning. >> thank you. >> coming up on the show, it's been over a month since they met with fema and the
me now. treasury secretary timothy geithner, president obama's point man in these fiscal cliff negotiations, ran the gauntlet this morning. he appeared on all five sunday talk shows, including "meet the press" of course, what else did he say? >> craig, you know if we're in the posturing stage and a lot of people think we're still in the posturing stage with, 29 or 30 days to go. we better hope that they're just posturing, because after the period of optimism, the post-election talk of compromise, you remember john boehner came out the day after the election, the president spoke about compromise as well. they're as far apart as they ever have been and the clock is ticking. what timothy geithner said is as follows, nothing is going to get done unless republicans agree to raise rates on the wealthiest 2% of americans we know the figure by now. those couples filing jointly making more than $250,000. the rates must rise, not a matter of closing loopholes or deductions or simplifying the tax code this is the way it has to be to meet their revenue goals. contrary to what mitch mcconne
is essential to avoiding the so-called fiscal cliff. here is ceo lloyd blankfein. >> reporter: if this were easy, we wouldn't be standing here having come fabs at the white house how to achieve it. it's going to be difficult. i think what we try to do is we try to get in as good a place as we possibly can. i would rather have more of the -- more of the taxes deferred to beyond the period where the economy is weak. >> well, maybe all of this is working. markets around the world are up today, a sign of confidence that a fiscal cliff deal just might be in the works. we'll see. another positive sign for the economy, the broadest picture we can get of the economy's health, gdp, came in quite a bit better than expected in the third quarter. alison kosik at the new york stock exchange to explain. hi. >> reporter: hey, carol. so between july and september, the economy grew at a 2.7% rate. so that came in much better than second quarter's rate, which was 1.3%. and there's definitely good stuff here. you look deeper in the report, you find out the u.s. exported more than first thought. that's good. b
Search Results 0 to 34 of about 35 (some duplicates have been removed)